AFBytes Quarter Rundown — Thursday, August 6, 7:00 AM ET

Here's what's been making headlines today — the last 24 hours in a nutshell. Iran has warned Gulf states that it will target energy infrastructure if the US conducts new strikes. This could disrupt global energy supplies and raise oil prices, affecting household budgets and transportation costs across the US. The threats underscore vulnerabilities in critical energy supply chains that support U.S. military and economic operations. Donald Trump and Pete Hegseth reportedly clashed at Camp David over claims of weapons shortages. The White House stated the US holds far more munitions than needed. Disputes over munitions levels can affect congressional defense appropriations and U.S. support for allies. Adequate domestic munitions production supports independent U.S. military operations. South Korean shares tumbled more than 4 percent on technology sector losses driven by ongoing concerns about artificial intelligence valuations and demand sustainability. Tech selloffs in major Asian markets can pressure U.S. semiconductor and AI-related equities through global investor sentiment. Weakness in Korean tech may highlight U.S. advantages in certain AI supply chain segments. Iran says it is finalizing an agreement with Oman on the Strait of Hormuz. Two Israeli soldiers were killed in southern Lebanon. Any change in Hormuz transit rules could affect global energy prices and shipping costs for U.S. importers. Exclusion of the United States from the talks limits direct leverage over a critical energy chokepoint. Iran has warned Gulf countries that it will carry out retaliatory strikes on energy infrastructure if the US launches attacks. This could raise global oil prices and increase costs for American drivers and manufacturers. Threats to energy infrastructure highlight the importance of U.S. energy independence to reduce vulnerability to foreign supply shocks. That's the day from where we sit — thanks for spending part of it with us. Stay with us at AFBytes for what's next.